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Oman Finalizes Bangladesh LNG Deal

Bangladesh state oil firm Petrobangla on 6 May finalized an LNG import deal with Oman LNG, its second such deal after a 2.5mn t/year agreement with Qatar inked last year (MEES, 28 July 2017).

The Oman deal is for 15 years. Volumes are slated to rise from an initial 500,000 t/y to 1mn t/y when Bangladesh’s second import terminal (which like the first will be an FSRU) starts up.

Bangladesh imported its first ever LNG cargo (from Qatar) last month, although the 3.75mn t/y ‘Excellence’ FSRU remains in the commissioning phase – initial volumes are slated to enter the national grid later this month.

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